Sub-letting: LKP trials a simple scheme that benefits all

Around forty quid is what you should be paying for leasehold sub-letting fees to landlords, following this case in February 2012.

Invariably, sub-letting fees are seen as a little earner by landlords, although for the large landlord companies the £100-£130 fees, plus £75 for registration add up to a tidy sum.

Leasehold flat owners renting out their properties often decline to pay up. But it is reasonable that the freeholder and, even more important, the managing agent knows who is actually living in a flat.

As a result, Leasehold Knowledge Partnership has begun work on producing a new sublet agreement template that aims to benefit all parties.

After all, everyone would benefit if new tenants actually knew what the basic rules of a block are. Similarly, the managing agent may need to contact the tenant, flat owner or letting agent at any particular time, and these details should be available.

Leasehold Knowledge Partnership is now testing the first pilot scheme for a new system and will report on the results within the month.

In the meantime, please send in your views on what should be included in a simple sublet agreement.

Email: sok@leaseholdknowledge.com